Lithium-ion Battery Recycling Market 2021: Product Types, Various Services, Benefits, Top Regions, Statistics, Business Opportunity, Growth & Forecast to 2028
lithium-ion battery recycling market is estimated at USD 1.5 billion in 2019 at a CAGR of 8.2% from 2025 to 2030. Any of the key prospects for the lithium-ion battery recycling industry are growing investments in the production of electric cars.
Dallas, United States – May 31, 2021 /MarketersMedia/ —
Lithium-ion (Li-ion) batteries are commonly used in electronic devices like handheld power tools, wireless headphones, cellphones, appliances, chargeable vehicles, energy storage systems, digital cameras, digital cameras, and in products such as toys, etc. Lithium batteries used in the devices are of two types namely single-use non-rechargeable lithium metal and the rechargeable lithium battery. The rechargeable Li-ion batteries can be removed easily from the products of these devices.
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Due to the high “energy density” of the lithium battery that means the high energy storage capacity of the battery its demand in the marketplace is growing. Lithium batteries are smaller and lighter than the other batteries but hold high energy. Thus the rapid adoption of miniaturization has allowed consumers to use the products like portable and cordless products having lithium batteries thereby driving the Lithium-Ion Battery Recycling Market.
The lithium batteries if not discharged or recycled appropriately they cause danger to human life or the environment. Thus the electronic devices that contain these lithium batteries are recycled at certified battery electronic recyclers. The electronics recyclers take all the batteries which limits the consumers from discarding it in other places. The increasing government restrictions towards lithium batteries and growing environmental awareness among the consumers, it is allowing the consumers to discard them safely allowing the recyclers to recycle them which is propelling the Lithium Ion Battery Recycling Market.
There are many programs such as public awareness campaigns initiated across the world to educate about battery safety and appropriate management of used Li-ion batteries. Also, the businesses and those that generate such hazardous waste have to comply with the regulations which are inclining consumers and businesses to adopt proper methods of disposal of the batteries which is driving the Lithium Ion Battery Recycling Market.
Among all the segments, the automotive segment and the lithium nickel manganese cobalt (Li-NMC) segments are dominating the market. The leading companies are Li-Cycle, Retriev Technologies, and International Metals Reclamation Company among others dominating the Lithium Ion Battery Recycling Market. The countries like Germany, Switzerland, Canada, the U.S, Belgium are some of the top leading countries dominating the market.
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Some Major Points From TOC:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Lithium-ion Battery Recycling Market by Battery Chemistry
Chapter 6 Lithium-ion Battery Recycling Market by Application
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
8.1 Hilti corporation
8.2 3M
8.3 Specified Technologies
8.4 ETEX
8.5 Morgan Advanced Materials
8.6 Akzo Nobel NV
8.7 Jotun
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